California Revenue and Taxation Code ARTICLE 2 - Methods of Accounting

• Section 24651.
  (a) Income shall be computed under the method of accounting on the basis of which the taxpayer regularly computes its income in keeping its books.(b) If no...
• Section 24652.
  Section 447 of the Internal Revenue Code, relating to method of accounting for corporations engaged in farming, shall apply, except as otherwise provided.(Amended by Stats....
• Section 24652.5.
  (a) (1) Section 447(i)(3) of the Internal Revenue Code, relating to reduction in account if farming business contracts, shall not apply.(2) Section 447(i)(4) of the Internal Revenue Code,...
• Section 24654.
  (a) Section 448 of the Internal Revenue Code, relating to limitation on use of cash method of accounting, shall apply, except as otherwise provided.(b) For purposes of...

Last modified: October 22, 2018